1) Mortgage subsidy
Found on
https://www.crosswordclues.com/clue/buydown
A buydown is a mortgage financing technique where the buyer attempts to obtain a lower interest rate for at least the first few years of the mortgage. The seller of the property usually provides payments to the mortgage lending institution, which, in turn, lowers the buyer`s monthly interest rate and therefore monthly payment. This is typically d....
Found on
http://en.wikipedia.org/wiki/Buydown
A lump sum payment made to the creditor by the borrower or by a third party to reduce the amount of some or all of the consumer`s periodic payments to repay the indebtedness.
Found on
http://www.duke.edu/~charvey/Classes/wpg/bfglosb.htm
Mortgages in which monthly payments consist of principal and interest. During the early part of the loan, portions of these payments are provided by a third party to reduce the borrower`s monthly payments. In the context of project financing, refers to a one-time payment out of liquidated damages to reflect cash flow losses from sustained underperf...
Found on
http://www.duke.edu/~charvey/Classes/wpg/bfglosb.htm
No exact match found.
